Bank Innovation Awards The BankTech Committee will review all submissions and select the winners for first, second, and third place. Award winners will be announced at the BankTech Conference on October 3, 2024, at the Doubletree Hotel in Oakbrook Terrace. The committee will consider banks based in Illinois that have completed an innovative technology project in the past 12 months. The following criteria will be considered: Degree of Innovation: Judges may assess the innovation's uniqueness and originality. This criterion could involve evaluating how the innovation differs from existing solutions in the market and how it introduces new concepts, technologies, or approaches. When technology is involved, judges may assess its sophistication and effectiveness. Adaptability, Scalability, and Impact: Judges may evaluate the innovation's potential for adoption and scalability within the banking industry. This criterion could include scalability, the potential to drive positive change or efficiency gains, and the ability to address significant challenges or opportunities. Customer Value: The degree to which the innovation enhances the customer's experience or meets the customer's evolving needs and preferences. This criterion could include increased convenience, improved accessibility, personalized services, or better customer financial outcomes. Financial Performance: While not always the primary focus, judges may also consider the innovation's financial performance or viability, such as cost-effectiveness, revenue generation potential, and ability to drive profitability or cost savings. Sustainability and Ethical Considerations: Innovation awards increasingly focus on sustainability and ethical considerations. Judges may assess the innovation's environmental impact, social responsibility, moral implications, and the organization's commitment to corporate social responsibility and ethical business practices. Default Page Nominee Name Financial Institution Name This field is required This field needs to be a valid value Nominator Profile Name This field is required This field needs to be a valid value Title This field is required This field needs to be a valid value Email This field is required Email needs to be a valid email address. Phone This field is required This field needs to be a valid value Common Criteria (250-300 words per criteria) Degree of Innovation: Judges may assess the innovation's uniqueness and originality. This criterion could involve evaluating how the innovation differs from existing solutions in the market and how it introduces new concepts, technologies, or approaches. When technology is involved, judges may assess its sophistication and effectiveness. This field is required Adaptability, Scalability, and Impact: Judges may evaluate the innovation's potential for adoption and scalability within the banking industry. This criterion could include scalability, the potential to drive positive change or efficiency gains, and the ability to address significant challenges or opportunities. This field is required Customer Value: The degree to which the innovation enhances the customer's experience or meets the customer's evolving needs and preferences. This criterion could include increased convenience, improved accessibility, personalized services, or better customer financial outcomes. This field is required Financial Performance: While not always the primary focus, judges may also consider the innovation's financial performance or viability, such as cost-effectiveness, revenue generation potential, and ability to drive profitability or cost savings. This field is required Sustainability and Ethical Considerations: Innovation awards increasingly focus on sustainability and ethical considerations. Judges may assess the innovation's environmental impact, social responsibility, moral implications, and the organization's commitment to corporate social responsibility and ethical business practices. This field is required We ask that banks submit a use case with successes and outcomes. These criteria may be weighed differently depending on the specific goals and priorities of the award program. (250-300 words) File is required Nice try spambot